Morning Bell: Obama Trek: The Search for More Money
Yesterday, in what President Barack Obama described as a “watershed event”, the health care industry promised to cut $2 trillion in costs over 10 years… Read More
Yesterday, in what President Barack Obama described as a “watershed event”, the health care industry promised to cut $2 trillion in costs over 10 years… Read More
This past Friday the Department of Labor released the nation’s employment’s figures showing that employers shed 611,000 private sector jobs in the first three months… Read More
The U.S. Treasury auction of long-term bonds on Thursday was “terrible”, in the words of one Wall Street economist, with the rate on the 30… Read More
President Barack Obama recently released a list of 121 proposed program terminations and reductions, that he claims would save taxpayers $17 billion. Obama has described… Read More
Under the header “It’s All On Obama Now” Los Angeles Times columnist Peter Nichols writes: Every president inherits a tangle of problems from his predecessor…. Read More
The New York Times reports today: As the Obama administration racks up an unprecedented spending bill for bank bailouts, Detroit rescues, health care overhauls and… Read More
A Wall Street Journal headline today adds to a chorus of claims that China’s stimulus efforts are benefiting American business and the world economy. As… Read More
Yesterday before President Barack Obama’s 100 days news conference, the Commerce Department released data showing that the U.S. economy shrank at an annual rate of… Read More
According to the Washington Post the only speed bump left in the Senate-House budget reconciliation process is Blue Dog insistence that pay-as-you-go budget rules (PAYGO),… Read More
New York Times Columnist Paul Krugman reacts to President Barack Obama’s $100 million spending cut: “pretty soon, even here in Washington, it adds up to… Read More
Yesterday President Barack Obama asked his cabinet to make a total of $100 million in cuts among their departments. That was “fiscally responsible” President Obama…. Read More
Yesterday, President Barack Obama ordered his cabinet to identify and shave a collective $100 million in administrative costs from their budgets. This is the same… Read More
According to reports, President Barack Obama plans to convene his Cabinet for the first time today, where he will order members to identify a combined… Read More
Cheerleading for his administration’s economic performance yesterday, President Barack Obama said: I absolutely agree that our long-term deficit is a major problem that we have… Read More
The New York Times today both informs and misleads on China’s role in the American economy. The Times headline warns, “China Slows Purchases of U.S…. Read More
President Barack Obama’s nearly $800 billion in deficit spending is just beginning to be spent and already stories are trickling in about how the money… Read More
President Barack Obama continues to claim that his budget would cut the deficit by half by the end of his term. But as Heritage analyst… Read More
UPDATE: This graph is now over two years old. For up to date information see this post: The Truth about Obama’s Budget Deficits, in Pictures President… Read More
The AP reports, you decide: WASHINGTON – Barack Obama’s optimistic campaign rhetoric has crashed headlong into the stark reality of governing. In office two months,… Read More
Speaking to House Democrats at their Kingsmill Resort & Spa retreat last month, President Barack Obama defended his economic stimulus plan, claiming: “[We] are not… Read More
When President Barack Obama introduced Sen. Judd Gregg (R-NH) as his nominee for Commerce Secretary, Obama said of Gregg: “He shares my deep-seated commitment to… Read More
The Financial Times makes a valiant effort to curb wild talk about China dumping U.S. Treasury bonds. Luo Ping of the China Bank Regulatory Commission… Read More
A little while ago, Vice President Joe Biden had the audacity to say, “Every economist, as I’ve said, from conservative to liberal, acknowledges that direct… Read More
While campaigning for passage of his economic stimulus plan at the Caterpillar, Inc. plant in East Peoria, Illinois, yesterday President Barack Obama again claimed that… Read More
“First of all, when I hear that from folks who presided over a doubling of the national debt, then, you know, I just want them… Read More
In a study released this morning, Heritage senior fellow Robert Rector pegged the honest cost of the House economic stimulus plan at $1.34 trillion, not… Read More
Last Friday we warned you about some family planning provisions tucked away in the House stimulus bill. Some conservative lawmakers then took up the issue… Read More
Before President Bush took office, the federal government took in $2 trillion in revenue in 2000. As Bush leaves office, the federal government is expected… Read More
